Suppose you borrow RM10,000. You are going to repay the loan by making equal annual payments for five years. The interes

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answerhappygod
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Suppose you borrow RM10,000. You are going to repay the loan by making equal annual payments for five years. The interes

Post by answerhappygod »

Suppose you borrow RM10,000. You are going to repay the loan by
making equal annual payments for five years. The interest rate on
the loan is 14 percent per year. Prepare an amortization schedule
for the loan. How much interest will you pay over the life of the
loan?
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